Plus500 WebTrader

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Plus500 operates a proprietary web trading platform called WebTrader. The WebTrader mobile platform is very similar to the web platform and has the same functionalities. They are both available in a large number of languages. The Plus500 WebTrader platform is easy to use and has a great design. On the negative side, it cannot be customized.

Plus500 WebTrader platforms to choose from

Trading platform Score Available
Web platform 4.5stars Yes
Mobile trading platform  5.0stars Yes
Desktop platform - Not available

Visit Plus500
77% of retail CFD accounts lose money

 

Available languages at Plus500

 

Arabic Bulgarian Chinese Croatian Czech Danish
Dutch English Estonian Finnish French German
Hebrew Hungarian Icelandic Italian Lithuanian Malay
Maltese Polish Portuguese Romanian Russian Slovakian
Slovenian Spanish Swedish Traditional Chinese Turkish  

 

Web trading platform - Plus500 WebTrader

Pros

Cons

• User-friendly

• Limited customizability for workspace

• Clear fee report

 

• Two-step (safer) login

 

Look and feel

The Plus500 web platform has a clean, well-designed look and is easy to use. The platform works in dark mode as well. On the downside, you cannot customize the platform.

Login and security

Plus500 provides a safe, two-step login. Google and Facebook authentication are also available, which is quite convenient.

Search functions

The search function is great, finding assets and information on the platform is a breeze. Products are categorized on the left side of the screen and you can search by typing in the product name.

Placing orders

You can use the following order types:

  • Market
  • Limit
  • Stop
  • Trailing stop
  • Guaranteed stop

Use the guaranteed stop to close your position at a predermined level, even if there is a large market movement. Be aware that this function entails a wider spread, which is the cost of using this order type.

These orders can be canceled any time before execution, i.e. they are Good 'till Canceled (GTC). However, there are no other order time limits provided.

Plus500 review - Web trading platform - Order panel

Alerts and notifications

We liked the platform's alert and notification functions. They are highly useful, as investor accounts can easily lose money when not notified of sudden price changes. You can set up email, SMS and push notifications.

The alerts will let you know if the price of an asset reaches a certain level or changes by a set percentage. Additionally, you can sign up to be alerted if the Plus500 Traders' Sentiment (the percentage of buyers and sellers among Plus500 customers) reaches a certain level.

Portfolio and fee reports

Plus500 provides transparent portfolio and fee reports that clearly indicate how much you paid in overnight fees. You can check the composition of your current portfolio in the bar at the top of the platform.

Multiple Charts

Plus500 clients can view up to 9 charts simultaneously on WebTrader. To enable Multiple Charts on the web trading platform, look for a button with four quadrants on the chart's toolbar.

 

Plus500 WebTrader app

 

The Plus500 mobile platform is very similar to the web platform. It has the same functionalities and the same user-friendly design; clients can use the same order types and notification options. The alerts and notifications are a great tool for investors trading CFDs, as they can be notified of sudden price changes.

You can download the trading app for iOS, Android and Windows. While the app also runs on smartwatches, we tested it the conventional way on an iOS smartphone. It was a great experience.

Plus500 mobile app vs. similar brokers
  Plus500 ActivTrades Spreadex
Mobile app rating (5 is the best) 5.0stars 4.9stars 4.5stars
User-friendliness Great Great Great

Plus500 provides a safe two-step login and you can also use biometric authentication, which is a convenient feature.

Plus500 WebTrader app features
  Plus500 ActivTrades Spreadex
Search functions Great Great Great
2-step authentication Yes Yes No
Biometric authentication Yes No No
Price alerts in the app Yes Yes Yes
Confirmation after successful trade Yes Yes Yes

Overall, we rate the user-friendliness of the app as better than average.

Plus500 app - Plus500 app

 

Desktop trading platform

Plus500 does not offer a desktop trading platform.

->Back to Plus500 review

Further reading:

Author of this article

Márton Oláh

Author of this article

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Márton Oláh

Strategic Advisor

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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